tonight looking forward to see ing all of you, 7:00 p.m. sharp, right here on fox business' big rally that the president is going to be giving in indiana. we're going to be all over that live at 7:00. liz claman over to you. liz: we'll be watching that trish and i'm sure you'll be watching what we're about to show you, a shadow war breaking free from the darkness, night vision goggles capturing dramatic sights over damascus earlier this morning the israeli military striking dozens of iranian military sites inside syria after iran sent 20 missile s right into israel its now 10 p.m. in democrat and tel aviv residents are very nervous on both sides israel's attack in response to rocket fire aimed at military troops stationed on the goal israel blaming iran's force the attack unprecedented. the first time iranian forces have directly targeted israeli

military, israel is saying it's 70 iranian targets were hit the u.s. condemning iran's actions raising fear of greater hostility and maybe even a protracted war markets trying to make sense of the what comes just one day after president trump pulled the u.s. out of the iran nuclear deal, look at the dow. rallying as oil pulls back after falling just short of $72 per barrel we've got it at $71.40 in the after market, with the dow climbing 218 points. what we're going to do folks is we immediate to take you live to tel aviv to speak with the former israeli ambassador to the u.s. how close are we really to an israel iran slug fest as if last night was wasn't enough and the jitters in middle east hitting us here at home checking out the rising price of gas

gasoline plus flex jets flies planes to the middle east this is that private jet company fractional ownership the ceo is here in a fox business exclusive on how flex jet is going to handle operating in a combat zone, we're less than an hour to the closing bell big rally here you're making money, let's start the countdown. breaking news at this hour america's greatest tech masterminds are huddling behind closed doors at the white house and this just in from a white house official the trump adminitration vows to maintain, the united states engine artificial intelligence technology by making it a priority to announce the related funding this is big news the united states adding funding right now it's about $2 billion

as we reported yesterday well we talked about why it might need more if we're going to battle the chinese on this they are ramping up their ai, so now it appears the u.s. is on board adding more money we've got the tech experts coming up in just a minton artificial intelligence on wall street the markets are worried about the rising geo political tensions look at this on your screen it's certainly not judging by all the green on the screen. the dow is on track to extend its six-day winning streak and just a few hours ago the blue chip index turned positive for the year so right now we're up 197 points earlier we were up 252, nasdac looking at its longest winning streak in two months moving higher by 53 points, the s&p better by 22 the one name in all three here apple shining brightly across all three indices at this hour apple right now hitting an all-time high did it earlier on track for the fifth straight record close, we're up about one and a third percent to $189.85 and investors

are really applauding the news that the tech giant is teaming up with goldman sachs on a new credit card which will carry the apple pay brand and is expected to launch earlier next year goldman higher by a percent. crude oil remember yesterday it spiked 3% held in the after market session? well, today it's not as big a mover it's up about a third of a percent in the after market session this of course in the wake of president trump's announcement to pull out of the iran deal didn't quite cross that $72 a barrel level but we're at $71.36, closed off session highs, still up about as i said three tenths of a percent higher the settlement earlier was $71.36 let's check the big energy names now yesterday energy was the popular sector and we do have it moving higher once again with exxon-mobile better by 2% look at chesapeake a real winner here up 3.25%,

conoco, apache all jumping at this hour, let us get more breaking news here, so yes, it was 48 hours ago that president trump officially pulled the u.s. out of the iran nuclear deal. the administration has just turned up the pressure gauge on iran and has a middle eastern partner helping to work that. in the last hour the treasury department issued the first sanction since the exit and it is the united arab emirate that will join in the effort, the sanctions blacklist individuals & companies that are linked to supposedly an illegal currency exchange operating in the uae that allegedly funnels money to a unit of iran's revolutionary guard from sanctions to sparks, hostile engagement twin middle east arch enemies israel and iran, overnight iranian forces on the ground in syria have all kinds of setups there fired no fewer than 20 rockets at israel and immediately retaliating ripping through the skies with fighter

jets hitting dozens of iranian targets in syria they were ready for this and knew this was coming as darkness descends right now again in israel, let us head live to tel aviv where we're joined by former israeli ambassador to the u.s. , first let's just get to the very latest news what is happening on the ground in israel right now where it's about 10 p.m. israel time? >> well, all is quiet now on our northern border but it's a very tense quiet and of course, we stand ready because the iranians may try to attack again to provide again and of course we will have to defend ourselves as we have done so far. liz: of course you were ready for this because iran launched about 20 rockets and immediately , israel put their chest in the air. do you think that that sent enough of a message or is iran not going to back down?

you've watched these for many years, you've served in the military tell us what you expect here because as a business network we are watching the markets. hours is doing fine but if you look at the middle east markets it's almost as if this was predicted look at the three-month chart of the tel aviv stock exchange or iran stock exchange or anything, saudi arabia and you can see the tensions certainly. >> well, liz i don't think that iranians got the message but at the same time they wouldn't try to escalate because they have a lot to lose and they are losing. they've been isolated throughout the middle east, all of the sunni governments are siding with israel not with the u.s. pulling out of this pathetic deal signed two and a half years ago in vienna, increased sanctions and pressure on the iranian economy which is on the verge of total collapse and they are really no match in

military terms in syria, to our capabilities, in terms of technology, there is intelligence and other capabilities, so we have taken a lot of their assets on the ground but one thing is very clear. we were told that this iran deal would make iran part of the international community, less aggressive. well they have become 10 times more aggressive since this deal was donald made and they are subverting throughout the middle east trying to really take over lebanon, yemen, morocco, bahrain , saudi arabia and uaes and hamas and now in the last year, since last august, when isis was put out of commission, they have started to infiltrate and to dig in, en trench in syria trying to really en circle

israel not just from lebanon, not just from hamas in the south but also from the golden heights and of course we can't allow that. liz: but we know, well we don't know but it looks to me if you can just educate our viewers that jordan and egypt will not play this iranian syrian game, correct? i mean, they are bordering and have been pretty much at peace with israel. i'm just wondering what you're hearing about countries like egypt and jordan about this whole thing. >> well, i can tell you, liz, it's beyond that. of course with both this country jordan and egypt we have a formal peace, we have very good relations, economically we're supplying now natural gas from our offshore reserves to egypt, to jordan. liz: but there's an economic relationship now. the economic friendship now is really valuable. >> absolutely, but also, from a

strategic point of view iran is a real threat. it's a real threat to the entire middle east to the entire sunni countries so even countries which we do not have formal relations with, in the south arabian sea, in the gulf, they are watching quite closely and there is a lot of cooperation in intelligence and in other ways as well, so iran is isolated. it should be even more isolated and i believe at the end of the day, they should understand that either they stop this ballistic missile testing, they stop their infringement on other territor ies and terrorism and most of all, they should completely dismantle their nuclear infrastructure. liz: you talk about isolation. listen, i've watched the iranians want to destroy israel forever as an american jew, i look at them and forget it. it's absolutely insane what goes on the way they treat their people is horrific; however if you, the argument is if you

isolate iran, russia will help them. they already are, russia is selling them military equipment certainly to help with ballistic missiles. you get the russians and you get maybe even the north koreans to be reaching out to iran and you've got this nightmare once again. >> absolutely, and this is part of the 40 deal that they can get things from north korea, if north korea hopefully will dismantle as the president trump is quite justifiable demanding, they dismantle their nuclear capabilities it could easily be shaped into syria and the inspection is not as robust. if you tell the iranians give them a pre-notice 24 days before inspection, if you are the ia, the international inspections are barred from inspecting their military site, this is not an

airtight inspection, and certainly, the russians have a very complex game but in syria, liz in syria, i'm sure the russians are not so much against israel taking out the infrastructure, the military infrastructure of iran which is also endangering and making russian lives there more complicated. liz: danny we hope that you and your fellow israelis stay safe, keep us posted thank you very much. >> yeah, thank you. liz: 24 days, oh, hey, everybody , in 24 days we're coming to look, obviously that's like telling the college dorm room, we're coming in 24 days, so you know, we're going to look for drugs and alcohol. what do you think they'll find? nothing so this turbulence over in the middle east causing havoc here in the u.s. not in our markets. our markets are looking very strong but hitting the consumer where it hurts and that would be our wallets, as oil prices surge

to the highest level since 2014 right now the national average for gasoline sits at $ 2.84. fox business' is at a gas station outside new york city, christina, we always look for the least expensive and the most expensive gasoline, what are you finding and how does it relate to the tensions in the middle east? >> well liz i can assure you i've been here all day. this is not the spot to get the cheapest or the most expensive right at this gas station upper east side it's $3.09 but for the most expensive gas you could find in the country it comes to $5.24 in essex, california on route 66 should you be driving in the desert and need to get gas the actual spot is called no dge's gas but for the cheapest across the country and this is according to gasbuddy.com they told me the cheapest is $2.19

u.s. a gallon so that is in texas. overall there are 33 cities across the united states that have seen their prices of gas go up at least 10% but across the country, you've got 10 states that have hit the big $3 club where gas is at least $3 or more for example, you have california that fits into the mix at $3.66 followed by hawaii, washington, alaska, nevada so the list keeps ongoing high and like you'd mentioned you're talking about oil and just the essential investors were prepping for president trump to pull out of the iran nuclear deal and so they did rally up the price of oil this past week well above $ 70 a barrel but what we are see ing more specifically is also venezuela playing into the mix because their supply at the moment has been decreasing to a 30-year low so you've got those two big reasons pushing up the price of gas and definitely putting a pinch on your wallet back to you. liz: christina thank you very much just come to new jersey.

you don't have to pump your own gas they won't let you, and it's pretty cheap. so spent a lot of money driving from connecticut to new jersey just so you don't have to get out of the car christina thank you very much and by the way we're going to talk jet fuel coming up. jet fuel on how to hedge on that the closing bell ringing in 45 minutes chevron and nike are the two dow soldiers currently in the red chevron is a you could call it straddeling the flat line here, nike is flat. here is the news, five more executives have left the company amid an internal investigation into complaints about workplace issues, sexual harassment at the sportswear giant. up next, it's a rare occurrence on wall street, something is happening that we've only seen in the markets 11 times in the past 35 years. we're going to tell you what it is, what it means for you and

your portfolio, we're flagging you on this so that maybe you might take a look and see what you need to do when countdown comes right back. don't go away. into retirement... and a little nervous. but not so much about what market volatility may do to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife.

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you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. mr. elliot, what's your wiwifi?ssword? wifi's ordinary. basic. do i look basic? nope! which is why i have xfinity xfi. it's super fast and you can control every device in the house. hey! let's basement. [ grunting ] and thanks to these xfi pods, the signal reaches down here too. so sophie, i have an xfi password. and it's "daditude". simple. easy. awesome. xfinity. the future of awesome. liz: so obviously, this situation in the middle east is a developing story, so we're closely watching for any fallout

in the stock market in the wake of the rising tensions, between israel and iran, let's check some of the israeli companies that actually trade here in the united states, soda stream, teva pharmaceutical, tower semiconductor, it's a mixed picture here you have tower better by nearly three and two-thirds percent, teva is about flat and soda stream is down just half a percent at $ 90.83 and then a pattern is brewing on wall street that has occurred only 11 times in nearly the last four decades take a look at this chart of crude oil, superimposed over the u.s. dollar index, the dxy. normally they move in opposite directions but recently look at the far right side recently the two have been rallying in tandem , so this coordinated run- up is very rare in the market in fact one of the few times it happened 27 years ago was during the persian gulf war, so should this be a warning sign for your portfolio? here to help me break it down our floor show trader, phil

flynn let me begin with you. when you see this pattern, sometimes they call it like there are all kinds of names in the market for different patterns but when you see this pattern what should the investor whose watching right now think and do they need to move their portfolio at all? >> i think they need to move into energy. every time in history, liz, we've seen this phenomenon happen its been very bullish for oil prices you look to the persian gulf war for example, we shot up to $40 a barrel back during the asian financial crisis of 98 and 99 it signaled a generational bottom in oil that eventually took oil from $ 10 to $149, so it's a very bull ish sign investors cannot ignore this, and it happens for two reasons, when there's geo political risk there's concern about supply, safe haven buying and the dollar, and of course oil goes up, but also, it happens when we have a very strong global economy because people are consuming oil around

the world they don't care what the exchange rate is, they just need oil. liz: and does the u.s. look stronger and stronger the dollar look stronger? scott redler, are you seeing a lot of flows on the floor into the energy names? energy was the best performing sector yesterday. >> there's been flows into the energy sector for the past two or three months many different times we looked at the xle about three or four weeks ago when it broke above 69 that was a great level to get involved and we saw oil break it down trend around $48 a barrel or 53, flows went in right now everyone is starting to get excited about it now when you probably take a little bit off the table, do i think oil can get to 74 to 77 or tops 83? yes, now is not the time to go all in oil i don't care if everyone thinks it's so bullish now the time was about $20 ago. liz: todd talk to me about what we see say for example, distillates. i don't want people's eyes to

glaze over. gasoline, crude and then distillates which encompasses things like heating oil but also jet fuel. the airlines tend to move whether usually down, when it comes to any kind of strife in the middle east we know what happened when it was ukraine and the russians, right now we've got heating oil at annual highs this is a 52-week high, what does that tell you and is there a trading play here? >> well there is i think if you look back just a few weeks ago, liz we were still worried about snowstorms in the midwest. now things have sort of changed a bit so we saw prices heating on that gas getting a little bit of a bit at this point you're probably looking to sell the fact. you buy the rumor, you sell the fact here when it comes to some of these energies. oil prices are going to continue to go higher based on geo political risks as phil just said but the run we had the moving average is like $16 below current prices and we've made a real separation and it's time for profit taking away for a pullback. liz: scott, phil, todd i love it we've got opinions here thank you so much.

i really do appreciate it. 37 minutes before the closing bell rings victoria's secret falling out of fashion on wall street? shares of l brands the parent company of the giant tumbling at this hour by 8%. currently it's the worst performer in the s&p after the retailer posted disappointing same-store sales for victoria's secret the company blaming easter coming early for the miss but it may not just be an april problem for l brands so far the stock is down nearly 45% coinciding with them stopping the sale of swimwear which a lot of people love and the top artificial intelligence mind storming the white house for the big ai summit right now but one executive who will be notably absent? elon musk who famously calls ai an immoral dictator and a danger to humanity coming up we've got the man who ready to side with elon, ian meyers on

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liz: beware the 21st century version might be strolling the halls of the white house right now take a look at these names on your screen, some of the leaders in artificial intelligence technology invading the white house at this very moment for the artificial intelligence summit, and in the past hour, and this just broke, they've already convinced the trump adminitration to invest more money in ai development and research while also crafting policies that help strengthen the economy without displacing jobs, because sometimes we know that happens. some out there are saying no way jose to ai remaining skeptics of the robots particularly as it involves evolving social media including our next guest. he's created an app that dodges having to use algorithms for

news feeds and says hey, mark zuckerberg, take a hint, news ceo dan meyers is here, why is what you're doing better than involving artificial intelligence? >> we've already seen that artificial intelligence or machine learning or anything like that that has to as a way of disbursing information is to add not only for individuals but the country as a whole for democracy and you know they have a long history of placing an importance on expanding our horizon and the kind of information we get and as we go deeper and deeper down rabbit holes which on facebook they're serving more and more but it keeps you coming back but not adding a lot to the greater conversation. liz: it's interesting that you're sitting here may i ask how old you are? >> 27. liz: you're a millennial. so is mark zuckerberg. i thought all of you were thinking this was all great. it has frightened me, so i'm really encouraged that you're saying what you're saying here

and we see that if i click on something and i maybe want to see what a dress looks like and i won't buy it, it suddenly starts popping up on other websites that i tend to look at and that is annoying me, bothering me and worrying me so when you look at your company how do you want to grow it and send a message to the mark zuckerberg of the world that you can be successful and yet not invasive? >> well i think the message is that building a business model that relies entirely on selling consumer data is the wrong way to go and we're seeing pushback from the consumers on one end and apple reep the benefits of selling hardware and products rather than selling data on the other. liz: would you use any artificial intelligence on your platform? >> i think algorithms have use that can help us discover information and help us pull different bits and pieces together but when it comes to what do we read and trust it should be by the people we care about, the people we watch on television like yourself. you're in a sense cure ating what your viewers and viewers are looking at telling them what's important to know because

they trust you and with algorithms there's no face, no people, no honesty and truth. liz: well the fact you just said they trust me you're now my new best friend. we just had an executive from mastercard yesterday and he illuminated us on some positives of ai. i want our viewers to hear just in case they missed it and you can then comment. >> in our network itself we're applying artificial intelligence to look at every transaction that flows through and we can detect fraud patterns that we've never seen before, and are able to intervene in realtime and stop that from happening, so we have literally been able to prevent billions of dollars of the fraud. liz: he's in the white house right now but when he talked about that i thought well there's a decent application right so it can be used for good >> yeah, of course we should be optimistic about the use cases we have for ai. there's some things it can really help us do better at and that's efficiency, optimization, pattern recognition across medicine, finance, even trucking and more blue collar industries.

liz: news picks, tell us what your company does, specifically. >> we are aggregating only premium content from trusted sources, and then allowing our users to follow the people that they think are important and relevant. liz: so you can make sure there isn't fake news, russian bot news stuff that's meant to distract people that has no truth to it? >> there can be wu focus on creating a community around individuals that are trustworthy and important and matter whether it's colleague or whether it's ian bremmer. liz: or liz claman. >> or liz claman whose going to be on our platform soon i'm sure liz: [laughter] >> the people who put in fake news they won't get any follower s because the community doesn't accept that kind of behavior so it'll just exist off and void to the side. liz: we wish you the best of luck. >> thanks, liz. liz: ian meyers and the company is called news picks and now it's a joint venture between dow jones which is part of news corporation and a publicly traded in japan, we're going to watch you closely thank you very much. >> sure. liz: we've got 27 minutes before

the closing bell rings and the mid east is on high alert as we said it is 10 p.m. in syria and israel just as israel and iran face off the turmoil and tension driving oil the highs not seen in years, businesses like private jet operators and there's a top one called flex jet could take a major hit if they are not careful and when it comes to hedging what are they doing? we're going to ask its chairman if it could seriously pinch its profits and keep it rye here for president trump's rally in indiana tonight all begins at 7:00 p.m. eastern with special coverage on lou dobbs only on fox business folks the dow is holding on to gains of 185 points we are coming right back. please don't go away there's a lot happening in the next 27 minutes.

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liz: we are keeping an eye on the oil charts here, oil is set for its biggest weekly gain in a month as bank of america merril lynch predicts cover the children's ears there's a risk of $100 per barrel oil by next year. right now we're at 71.43 so as higher oil prices are set to hit consumer wallets at the pump higher jet fuel prices may also impact your summer budget according to the air transport association jet fuel prices have jumped 46.5% over the last 52 weeks to an average of $89.30 per barrel. but what about the private jet and the smaller jet companies like flex jet which offers charter and fractional ownership options how do they deal with the rising fuel costs and the tension in the air over the middle east? in a fox business exclusive we

bring in the chairman of private jet operator flex jet, ken ricky the news at hand you still have private jets flying over-the-air space in the middle east right now? >> well you know what happens is theres very big restrictions they'll narrow the corridors and alerts that come out of it and we're very attentive to that. liz: you served both in the military and then you became a private jet pilot before you started flex jet. >> i did. liz: the fact that there are missiles flying from iran into israel and israel responding they've got every right to respond, as both a military and businessman in the private aviation industry what goes through your mind? >> well i don't think instability is good for anything i think we need a stable world and gets let's get back to stability but you can't let them just do this. liz: no absolutely not. jet fuel are you hedging? how do you do that at flex jet? >> we're different than an airline. an airline fuel that's a huge cost of their operation.

the private jet business our costs are more around the aircrafts, pilots ownership of the plane, the fuel is a small portion but we're not confused when jet prices go up people just don't travel as much and costs do rise. liz: are you seeing impact in your business right now? >> there's a lag time for us i think the airlines, the impact is immediate but in the private jet world that is a three or four-month delay so we would feel that impact in the summer some time. liz: give us a sense of what a customer gets when they pick-up the phone and call you and say i need to get from new york to la. then what is the process? >> well then it's like what time do you want to leave? that's exactly what we do imagine this as a country club, where you're a member and you call up and there's very few members, so when you say i want to tee off at 2:00, you're on the tee at 2:00. liz: okay. >> that's how we think about it we're a club that people join, pay to belong a member for just that. liz: what would that flight cost for a member? >> you know it's variable by aircraft size. we have moved to the much larger

aircraft but we usually price them in hours, and those airplanes can run a couple $3,000 an hour to start and move up from there. liz: yesterday i moderated a panel at the town and country philanthropy summit. you were on my panel and you just donated $100 million to note notre dame unrestricted so you didn't say you've got to us use it for this this or this. that's highly unusual and generous. >> well there are two things of you believe in an institution let them. you don't know what needs they have so don't restrict what they may want to do in the future and there's a certain amount of went we did a gift that size it wasn't about us, it was about the institution. liz: oh, how unusual. enough about you, you've just announced you're opening a new terminal at love field in texas? >> yes, we have private terminals in naples, florida on west palm beach. liz: you hiring? >> we are hiring about 160

pilots we've had about 25% employee growth, we took a risk to go into the international market about three years ago and that's really paid off we used to be more of a localized company within the u.s. and now we've gone much more international so we're hiring to fill those needs. liz: folks he was a pilot and thought maybe i can do this business better and he has good to see you ken thank you. >> good to see you. liz: ken ricci of flex jets. >> thank you. liz: rat poison squared. the closing bell ringing in about 17 minutes, warren buffett and his lifetime business partner and bff charlie monger taking a second swipe at bitcoin, but the cryptocurrency world is not going down without a fight. they heard what these two said, charlie gasparino on what the biggest bitcoin players are doing to improve their volatile image, charlie breaks it, next. . so to breathe better, i go with anoro.

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liz: bitcoin, this digital currency that's out there, that people say oh, it might be the next big thing what do you think >> i think it's rat poison. liz: is it still rat poison? >> well probably rat poison squared. liz: charlie did you know there was supposed to be a bitcoin conference this weekend in omaha had they asked you could have been the keynote speaker would you have said yet yes? >> well they were really crowded out by a couple people that wanted to have a conference on sewage. liz: [laughter] yeah, not a big fan of bitcoin. warren buffett with very harsh words for bitcoin that even came up at the meeting where warren buffett said the problem with something like this is it attracts a lot, well the

cryptocurrency world has heard all of this taking matters into their own hands looking to make a drastic move to improve i guess the brand, charlie. charlie: i think buffet just got on e-mail a couple years ago so don't expect them to know a lot about cryptocurrency or be able to understand it. listen, you know, this is a huge potential technology i would say if you talk to forget about bitcoin, bitcoin is the popular, you know, cryptocurrency but the technology behind it is something known as blockchain, and you can transfer everything on blockchain, even computer knowledge, and it sets a sort of parameters where if you want to do a transaction or send something to somebody, you can do it in such a secure way without many middlemen or middle women. liz: it's a ledger. charlie: it's an electronic ledger that is basically much cheaper once it's setup to transact and probably the next generation of the internet. a lot of people think you had the first generation which is very mature which everybody has,

this is the next generation because it does really speed transactions up just about anything, so they know, the industry and the in dust roanne sones disbursed all over the place there isn't like one founding person in the industry matter of fact the person no one still really knows who founded bitcoin there was that one guy who everybody thinks did it but no one really sure did it. liz: with the fake name. charlie: but so it's somewhat disbursed what we can tell you now because i've been spending a lot of time talking to major players in the cryptocurrency in the blockchain industry is they are starting to come together with a consensus starting to build together an organizational roots where they can deal with the growing regulation which is coming from the sec where they consider anything traded inside a blockchain to be a currency under their oversight so what we do know and like i said been doing a lot of reporting about this blockchain and cryptocurrency industries looking to establish a self- regulatory organization along the lines of nasdac. liz: give them legitimaticy.

charlie: and set parameters and best practices and also deal with the top regulate ors the sec. obviously this comes amid increased scrutiny by the sec and the sec launched a massive crackdown on everything, blockchain, crypt o oriented a lot of cases coming out of it here but here is what we understand which is intriguing this self-regulatory agency could be put through and i think this is the biggest effort yet where they have major white shoe law firms they've hired something known as the brooklyn project. they're going to publish best practices, and seek government regulation at some point as an s ro, something along the lines of the new york stock exchange and nasdac and it's created by two i would say industry leaders a guy named joe ruben, andrew keys and these are big cryptocurrency blockchain companies. they are working on this through this thing known as the brooklyn project, they have a lot of sources and friends on wall

street, this to me will be the way that cryptocurrency and blockchain, the technology, gets beyond the sewage rationale. liz: oh, the brooklyn project. charlie: now, but yeah. liz: and it's less of a -- charlie: see you're very old school. liz: oh. charlie: and here is why. liz: austin remove this man. charlie: here is why because i'm an old time brooklyn guy. well my wife is. liz: you're bronx. charlie: i know but listen brooklyn used to be this ethnic enclave and it is now the home of hipsters. but just williamsburg is where my wife grew up and that was where donny broscoe, the whole -- liz: so i'm thinking of that. charlie: right now, williamsburg is a hot bed of hipsters and technology and that's where this

comes from these guys are from that school and they will lead the effort to rationalize and create a consumer protection organization through, with blockchain, cryptocurrency and get and this is the key thing, because they are working from what i understand with the sec, the cftc, a self-regulatory organization which can be regulated by securities and bitcoin and other stuff like computer technology. liz: they should invite charlie monger as their keynote speaker. charlie: but charlie doesn't understand it. it's so beyond him, right? liz: well he's seen enough over the years and he's formulated this opinion but it's not necessarily right. but we'll watch it charlie great reporting. charlie: do you know who they should invite? jamie dimon. liz: well at first he didn't. charlie: now he does. liz: go to foxbusiness.com to check out all of our coverage from that great line that has gotten so much attention that

warren calls bitcoin rat poison squared. we beat our competition, yes. charlie: all of it? liz: yes we did berkshire hathaway shareholder meeting in omaha and if you can check out our exclusive interviews with the potential at least one of them potential successors greg a bel, and my sit-down with the oracle of omaha himself and his right hand man the always fascinating charlie monger. don't go away we're six minutes from the closing bell up next how you can cash in on the rise of drones. our countdown closer says there's some money to be made in these high fliers that'll get your portfolio flying high. a bachelor. and that's how he intended to keep it. then he met the love of his life. who came with a three foot, two inch bonus. for this new stepdad, it's promising to care for his daughter as if she's his own. every way we look out for those we love

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intelligence. it is appears it is working as we told you at the top of the hour, there are news flashes that the government will start wrapping up its investment in "ai.." the "countdown" closer will tell you how to make money off "ai." here how to do it without leaving your coach. gary b. smith, kadena group. fox news contributor. we're talking about drones and "ai." there are opportunities to invest. what do you see out there? liz, exciting time to be alive with all the technology. i feel like it is kind of the cusp where we were with the internet. now with "ai." you have to look at google, and amazon, they use "ai" like crazy. facebook. almost every company in technology is using "ai" to some extent or another. even tesla is using "ai." it is across the board. amazon, google, i use amazon, i pay them money. i don't ever seem to pay google any money. that is where i would go.

liz: how is that exxonmobil, how is that an ai play? >> ex on mobile is using ai across the board to develop artificial information to figure out where that goes. to figure out where to put technologies to invest in. every company in the fortune 500, ibm, microsoft, or they're outside like a growinger is using artificial intelligence to gain customers. liz: as we said we had mastercard on helping to protect fraud. there are obvious negatives to this. we saw this with facebook. there are vulnerabilities to a stock, right? >> that is what they said about the internet. that we're all connected early on, there is vulnerabilities. there will be vulnerabilities with self-driving cars. we've seen some pushback on that. i think that will be the wave of the future. liz: gary b., so good to see you. >> nice to see you, liz. liz: as we were talking we went

up over 200 points for the dow jones industrials. [closing bell rings] the dow is up six days in a row. now positive for the year. that will do it for the "claman countdown." it is friday i hope you're here with us. trish: winning on wall street. stocks climbing today, the dow ending up 197 points. off session highs, up almost 200 points. s&p 500 seeing green. longest winning streak in two months. i'm melissa francis. david: a good day. i'm david asman, glad you could join us, more on big market movers. here is what else we're covering for you. again a very busy hour. starting with the middle east. it is on edge right now, israeli military striking dozens of iranian military sites inside of syria in response to rocket fire from them. israel and iran be headed for all-out war? we'll have latest developments. we now know the date and the place. we told y